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Politics : President Barack Obama
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To: zeta1961 who wrote (106490)12/27/2011 1:40:15 PM
From: RetiredNow  Read Replies (2) of 149317
 
It's a flight to PERCEIVED safety. It's the prettiest pig in the pen, among some very ugly pigs. But where else will you park your money when you are fleeing the European crisis, the Chinese debt/property bubble collapse, the Japanese 300% debt to GDP crisis, and all the other risky places to invest? The US Treasury looks safe in comparison.
Again, anyone thinks this is due to Obama's superior handling of the economy is living in Fantasy Land. This is all due to the slow motion train wreck as countries around the world continue to lever up with unpayable debt and the US is simply the an ugly economy with too much debt that looks slightly better then every other ugly economy with too much debt.

If it were me, I'd rather park my money in debt or currency of countries like Australia. They are one of the last few bastions of economic sanity left.
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